Loan Against Securities

A loan against a bond or loan against securities is the phrase used to refer to a loan which has been taken using bonds as security. Almost every bank and many NBFCs offer loans against bonds as long as a recognised entity has issued the bond.

A loan against security is a secured loan. Here, you pledge collateral to the bank against your loan. While these kinds of loans are not the easiest or fastest to acquire, they have a relatively lower interest rate. Lenders have a list of securities accepted as collateral, and this information is available on their official website.

Additionally, this product is better suited to people who are aware they would need money but are unsure of how much or when they would need it.

You can apply for a conventional personal loan with Fullerton India Credit if you need a personal loan with a very low rate of interest and you are certain of the exact amount you require.

Marriage is a very special event in one’s life as it marks the new beginning of relationships and companionship. You should always try to strike a fine balance between finances and celebrations so that you don’t feel financially unstable at any moment after the marriage.

A personal loan can help individuals meet their investment commitments quickly, ensuring they do not lose tax benefits or let their policies lapse. Depending on their eligibility, individuals can receive quick approvals and disbursement of funds into their bank accounts. Borrowed amounts can be repaid through EMIs within 12 to 60 months. By considering a personal loan, individuals can secure their investments and financial future during tax season.

A personal loan with SMFG India Credit can significantly help this festive season. If you want to have a seamless and hassle-free experience, turn to us. The processing fee is minimal and the personal loan eligibility calculator will give you an idea of whether or not you are eligible for a loan.

Once your eligibility is finalized, apply for a personal loan online by providing the personal loan documents. The interest rates start at 11.99%* per annum, which you can repay conveniently within 60 months.

Since repayment of your loan has a significant impact on your financial health, take into consideration all the factors that affect your finances. It would be advisable to select the option that causes the least distress to your finances by keeping in mind the long term effects.

If you are sure you can pay the same, a personal loan is the best option for you. But again, remember, see it as a last resort and do not make a habit of the same. If you are spending more than you earn and are in debt, what you need is better financial management, not a friendly bank executive offering you easy money at ‘attractive’ rates.